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TFS Financial Corporation Declares Dividend

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TFS Financial (NASDAQ: TFSL) has declared a quarterly cash dividend of $0.2825 per share, payable on March 20, 2025, to stockholders of record on March 6, 2025. The company's mutual holding company (MHC), which owns 80.9% of outstanding shares, has waived its right to receive dividends up to $1.13 per share through July 9, 2025, following member approval and Federal Reserve Bank of Cleveland's non-objection.

The MHC previously waived dividends totaling $0.565 per share during the quarters ending September and December 2024. As of December 31, 2024, the company's assets totaled $17.06 billion. Third Federal, which operates in 27 states and D.C., maintains 21 branches in Northeast Ohio, two lending offices in Central and Southern Ohio, and 16 branches throughout Florida.

TFS Financial (NASDAQ: TFSL) ha dichiarato un dividendo in contante trimestrale di $0.2825 per azione, pagabile il 20 marzo 2025, agli azionisti registrati il 6 marzo 2025. La holding mutuale della società (MHC), che possiede l'80,9% delle azioni in circolazione, ha rinunciato al diritto di ricevere dividendi fino a $1.13 per azione fino al 9 luglio 2025, a seguito dell'approvazione dei membri e dell'assenza di obiezioni da parte della Federal Reserve Bank di Cleveland.

La MHC ha precedentemente rinunciato a dividendi per un totale di $0.565 per azione durante i trimestri che si sono conclusi a settembre e dicembre 2024. Al 31 dicembre 2024, gli attivi della società ammontavano a $17.06 miliardi. Third Federal, che opera in 27 stati e nel D.C., mantiene 21 filiali nel Northeast Ohio, due uffici di prestito nel Centro e Sud Ohio e 16 filiali in tutta la Florida.

TFS Financial (NASDAQ: TFSL) ha declarado un dividendo en efectivo trimestral de $0.2825 por acción, que se pagará el 20 de marzo de 2025 a los accionistas registrados el 6 de marzo de 2025. La compañía de tenencia mutua (MHC), que posee el 80.9% de las acciones en circulación, ha renunciado a su derecho a recibir dividendos de hasta $1.13 por acción hasta el 9 de julio de 2025, tras la aprobación de los miembros y la no objeción de la Reserva Federal de Cleveland.

La MHC anteriormente renunció a dividendos por un total de $0.565 por acción durante los trimestres que terminaron en septiembre y diciembre de 2024. Al 31 de diciembre de 2024, los activos de la compañía totalizaban $17.06 mil millones. Third Federal, que opera en 27 estados y D.C., mantiene 21 sucursales en el noreste de Ohio, dos oficinas de préstamos en el centro y sur de Ohio, y 16 sucursales en toda Florida.

TFS Financial (NASDAQ: TFSL)주당 $0.2825의 분기 현금 배당금을 선언했으며, 이는 2025년 3월 20일에 2025년 3월 6일 기준 주주에게 지급됩니다. 회사의 상호 보유 회사(MHC)는 발행 주식의 80.9%를 소유하고 있으며, 2025년 7월 9일까지 주당 $1.13까지의 배당금을 받을 권리를 포기했습니다. 이는 회원의 승인과 클리블랜드 연방준비은행의 비반대에 따른 것입니다.

MHC는 2024년 9월과 12월 분기 동안 각각 주당 $0.565의 배당금을 포기했습니다. 2024년 12월 31일 기준으로 회사의 자산 총액은 $17.06억에 달했습니다. Third Federal은 27개 주와 D.C.에서 운영되며, 노스이스트 오하이오에 21개의 지점, 센트럴 및 사우스 오하이오에 2개의 대출 사무소, 플로리다 전역에 16개의 지점을 유지하고 있습니다.

TFS Financial (NASDAQ: TFSL) a déclaré un dividende en espèces trimestriel de $0.2825 par action, payable le 20 mars 2025, aux actionnaires enregistrés le 6 mars 2025. La société de holding mutuelle (MHC), qui détient 80,9 % des actions en circulation, a renoncé à son droit de recevoir des dividendes jusqu'à $1.13 par action jusqu'au 9 juillet 2025, suite à l'approbation des membres et à l'absence d'objections de la Federal Reserve Bank de Cleveland.

La MHC a précédemment renoncé à des dividendes totalisant $0.565 par action lors des trimestres se terminant en septembre et décembre 2024. Au 31 décembre 2024, les actifs de la société totalisaient $17.06 milliards. Third Federal, qui opère dans 27 États et D.C., maintient 21 succursales dans le Northeast Ohio, deux bureaux de prêt dans le centre et le sud de l'Ohio, et 16 succursales à travers la Floride.

TFS Financial (NASDAQ: TFSL) hat eine vierteljährliche Barausschüttung von $0.2825 pro Aktie erklärt, die am 20. März 2025 an die Aktionäre, die am 6. März 2025 registriert sind, ausgezahlt wird. Das Unternehmen, das 80,9 % der ausstehenden Aktien besitzt, hat sein Recht auf Dividenden bis zu $1.13 pro Aktie bis zum 9. Juli 2025 nach Genehmigung der Mitglieder und der Nicht-Einwendung der Federal Reserve Bank of Cleveland aufgegeben.

Die MHC hat zuvor Dividenden in Höhe von insgesamt $0.565 pro Aktie während der Quartale, die im September und Dezember 2024 endeten, aufgegeben. Zum 31. Dezember 2024 beliefen sich die Vermögenswerte des Unternehmens auf $17.06 Milliarden. Third Federal, das in 27 Bundesstaaten und D.C. tätig ist, unterhält 21 Filialen im Nordosten von Ohio, zwei Kreditbüros in Zentral- und Süd-Ohio sowie 16 Filialen in ganz Florida.

Positive
  • Consistent quarterly dividend payment of $0.2825 per share
  • Substantial asset base of $17.06 billion
  • MHC's dividend waiver benefits minority shareholders
  • Wide geographic presence across 27 states and D.C.
Negative
  • None.

CLEVELAND--(BUSINESS WIRE)-- TFS Financial Corporation (NASDAQ: TFSL) (the “Company”), the holding company for Third Federal Savings and Loan Association of Cleveland (the “Association”), today announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on March 20, 2025, to stockholders of record on March 6, 2025.

Chairman and CEO Marc A. Stefanski (Photo: Business Wire)

Chairman and CEO Marc A. Stefanski (Photo: Business Wire)

Third Federal Savings and Loan Association of Cleveland, MHC (the “MHC”), the mutual holding company of the Company and owner of 227,119,132 shares, or 80.9% of the Company’s common stock outstanding, has waived its right to receive the dividend on its shares.

On July 9, 2024, the MHC received the approval of its members (depositors and certain loan customers of the Association) with respect to the waiver of dividends, and subsequently received the non-objection of the Federal Reserve Bank of Cleveland, to waive receipt of dividends on the Company’s common stock the MHC owns up to an aggregate amount of $1.13 per share during the twelve months subsequent to the members' approval (ie., through July 9, 2025). The MHC previously waived the receipt of dividends paid by the Company in an aggregate amount of $0.565 per share during the quarter ending September 30, 2024 and December 31, 2024.

Third Federal is a leading provider of savings and mortgage products, and operates under the values of love, trust, respect, a commitment to excellence and fun. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal’s mission is to help people achieve the dream of home ownership and financial security. It became part of a public company in 2007 and celebrated its 85th anniversary in May 2023. Third Federal, which lends in 27 states and the District of Columbia, is dedicated to serving consumers with competitive rates and outstanding service. Third Federal, an equal housing lender, has 21 full service branches in Northeast Ohio, two lending offices in Central and Southern Ohio, and 16 full service branches throughout Florida. As of December 31, 2024, the Company’s assets totaled $17.06 billion.

This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, the Company’s plans regarding its dividends. These forward-looking statements involve risks and uncertainties that could cause the Company’s results to differ materially from management’s current expectations. The Company’s risks and uncertainties are detailed in its filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2024. Forward-looking statements are based on the beliefs and assumptions of our management and on currently available information. The Company undertakes no responsibility to publicly update or revise any forward-looking statement.

TFS Financial Corporation

Jennifer Rosa (216) 429-5037

Source: Third Federal Savings and Loan

FAQ

When will TFSL pay its next dividend?

TFS Financial will pay its quarterly dividend of $0.2825 per share on March 20, 2025, to stockholders of record as of March 6, 2025.

What is the dividend amount for TFSL shareholders?

TFSL shareholders will receive a quarterly cash dividend of $0.2825 per share.

How much of TFSL stock does the mutual holding company own?

The mutual holding company (MHC) owns 227,119,132 shares, representing 80.9% of the company's outstanding common stock.

What is TFSL's total asset value as of December 2024?

As of December 31, 2024, TFS Financial 's assets totaled $17.06 billion.

How much in dividends has the MHC waived for TFSL?

The MHC has waived dividends of $0.565 per share during the quarters ending September and December 2024, and can waive up to $1.13 per share through July 9, 2025.

Tfs Finl Corp

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3.86B
279.18M
0.53%
90.74%
0.93%
Banks - Regional
Savings Institution, Federally Chartered
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United States
CLEVELAND